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New York - The Real Deal

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Title: New York - The Real Deal

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LISTEN: Who’s buying rent-stabilized buildings?
Rent-stabilized buildings were once a magnet for big money. Now they’re mostly a local family affair. On the latest episode of The Real Deal’s “Deconstruct” podcast, Alpha Realty principal and broker Lev Mavashev breaks down how New York’s 2019 rent law reshaped the investment landscape for stabilized properties and why institutional buyers largely vanished from the market. Befo...

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Alexico nabs $345M refinancing package at Mark Hotel
Another year, another refinancing of Alexico Group’s Mark Hotel on the Upper East Side. Deutsche Bank led a $345 million balance sheet financing package for the five-star property at 25 East 77th Street, the Commercial Observer reported. J.P. Morgan Chase and BDT & MSD Partners also participated in the financing. A Walker & Dunlop team including Sean Reimer, Aaron Appel ...

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The Daily Dirt: Why new apartments will be larger, costlier
New York City apartments built in the near future will be larger than those being completed today — and more expensive. With affordability being the No. 1 housing policy priority these days, that is not a good thing. But don’t blame developers. Blame policymakers — specifically, the state lawmakers who passed the multifamily tax break 485x. Here’s an example of how this is playi...

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NYC’s top deals: Art dealer sells Greenwich Village townhouse for $18M
There were 180 transactions totaling $393 million recorded in New York City from 4 p.m. on Friday, Jan. 9, through 4 p.m. on Thursday, March 12, 2026. 🏆 Residential: The priciest residential real estate sale recorded in New York City was in Greenwich Village. Art dealer Gordon VeneKlasen offloaded a townhouse at 7 MacDougal Alley for $18 million. The buyer was City Weed LLC. Ve...

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Dentist to the stars sues Central Park South co-op, board
A “dental practice to the stars” operating inside a Central Park South co-op says the building’s board is trying to drill a hole into its business. High-end dental practice Lowenberg, Lituchy and Kantor owns shares and occupies space on the first and second floors of the prewar co-op building at 230 Central Park South. But celebrity dentist Marc Lowenberg — who counts Kelly Ripa...

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